Quit borrowing

[Cryptock]

crypto investments are not always profitable, while loans must be paid for sure along with the interest every maturity date. I think this is something that should not be done in investing.

Engaging in ventures without being adequately prepared for the accompanying risks is strictly prohibited. While some individuals perceive it as exceedingly foolish and perilous, there exists a cohort of affluent and audacious individuals who employ this approach as a high-stakes gamble. Borrowing money for business purposes is indeed a common practice, as businesses can exhibit promising future prospects, and the discernment of an investor towards a business venture is undeniably astute.

However, it is crucial to refrain from attempting to emulate such practices, for the experience of the wealthy and audacious carries profound implications. Suffering losses with disposable income alone can lead to considerable distress, let alone when relying on borrowed funds. Your collateral will be in jeopardy.

You have mentioned the very vaild point its not secure to jump a boat without learning the art of drifting the boat. Likewise if you want to do something have an adequent knowledge and then give your best.

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[Pamadar]

If you don't need much then you shouldn't take a loan at all.  Because of this debt, good relations with people become distant relations. The person you borrow from today may give you a loan, but when you fail to repay the loan on time, you will come across as very small-minded and will not help you when you are in trouble later. And if your financial condition is worse then he will force you to repay the loan. At that moment you will realize how bad debt is. So avoid taking loans as much as possible.

The only reason for borrowing money is either for business or something that is very productive that is worth borrowing, and if one should  think of to borrow money it should be the amount that can be paid back in a period of time that is okay with the lender. Borrowing money for non productive things that can't generate money is a bad habit. People who borrow money for no good reason have a poor financial life , which they find it so difficult to have savings. Borrowing money should only be for business that can bring high profits that can be able to pay back the money borrowed.

Though it's logical but we know that there are many people out there who borrow money to fill their material needs.

In some cases, they borrow because of emergency and from that loan amount they've started having a hard time budgeting
to pay for it, an additional burden that needed to pay back, as it will generate more interest.

But in a wise side of loaning money/borrowing money, if the intention is to invest or to establish a business, chances
that you can cover the interest and you can pay for the actual loan after you successfully established your business.

[Bushdark]

I think only those who are greedy in seeking profits are willing to borrow money and then make it an investment capital. they do have an investor mentality because they dare to take risks but that actually brings those who invest with borrowed money to get into new problems. crypto investments are not always profitable, while loans must be paid for sure along with the interest every maturity date. I think this is something that should not be done in investing.

Borrowing money for investment capital is not the best option and is more likely to be risky,
so it's better to avoid it and don't force it if you don't have capital yet,
Think carefully about the risks before making a decision.

we need to always learn from other people's mistake.  There are people that had borrowed money for investment purposes and they lost the funds ending up with calamity they don't know how to resolve. We need to be very careful on how we borrow money and from what source we are getting the fund from. If the money from family our neighborhood, it could be better and easily resolved but if the money is borrowed from bank or institution then we might be in a big problem especially when the fund is huge. Bank would not want to condole any excuse than to take your property so they can replace it with the fund.

[indo1]

better not to invest than to do it from the loan. because it will not make us profitable, even our profits will soon run out just to pay off the loan or the interest. if you want to trade with a loan try to do futures trading with a small amount of capital because it's like making a loan because there is a laravege system. I don't forbid borrowing, but it always affects us when we are making investment decisions.

[Qiubell5]

I can understand if the person who is borrowing money is someone who is really desperate, and indeed the economic situation is really down. people with a background like this are understandable.

but what happens if people who are well off still borrow money. not a few rich people, but have a sizable debt, it may result from increasing their business capital or when opening a new branch of their company. it's all still understandable, because this is a business matter.

but what if there are people who borrow money just to look stylish with expensive clothes, expensive food, and luxurious vehicles. this kind of thing is not exemplary, it's no longer a waste, it's more than a waste.
and all of this must be avoided by everyone, if you do not want to be in debt. because don't let pride lead you to misery. just enjoy what is there, don't force it if you can't afford it.

I agree with you. If you really borrow in an emergency, that's okay. Because an emergency is a condition where you really need it.

Borrowing money just for show or spree, it's useless and only makes oneself in a worse condition.

[odunybiz]

One side needs another side bad. yes. Consideration for the basic reasons behind this loan must be clear first. For example, if an individual borrows a certain amount of funds for productive purposes such as investing in a business or crypto assets with good potential returns.

Do you support the idea of borrowing loan to get crypto asset? How are you sure if it will come with good potential returns. Well, all I know about borrowing loan is that, you can get a loan to improve your  standing business but you shouldn't make a mistake borrowing loan to start a business.

[Cryptock]

One side needs another side bad. yes. Consideration for the basic reasons behind this loan must be clear first. For example, if an individual borrows a certain amount of funds for productive purposes such as investing in a business or crypto assets with good potential returns.

Do you support the idea of borrowing loan to get crypto asset? How are you sure if it will come with good potential returns. Well, all I know about borrowing loan is that, you can get a loan to improve your  standing business but you shouldn't make a mistake borrowing loan to start a business.

Some people do not have much info about loan and interest  and theit life is so affected my it. Have I been at this place I would surly would no invest on loan money no mattet what!

[kojektea]

they borrow only thinking about how to get rich quickly even though they forget that by borrowing the risk of losing is far greater. they are like betting fate with their investment. if they win they can pay it but if they lose everything they even have to think about how to pay their debts.

[molsewid]

When you're short on cash, it can be difficult to quit borrowing money.

Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.

Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.

The majority of us live beyond our means, which is one of the primary causes of our ever-increasing habit of borrowing money. Simply put, incomings are outpacing outgoings. It's also getting worse.

More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.

Sometimes we cannot avoid taking debt or loans like me. In a country that I lived with a regular employee cannot sustain his or her family enough with the minimum amount of salary though my job is white collar but then I have my maintenance so it needed for me to get more money to supply my needs, no matter how you manage your budget still if you don't have the capacity to work for more jobs like me since I'm sick there's no option but to take loans.

[Theones]

Actually there's nothing wrong in borrowing money it depends in the person how they take of it for example you borrow money because you want to put those as your finance into your business or any asset that has a good return so that asset makes the money into you to make more that could pay your debt. But if you are a person borrow money and you keep spending for your wants only that's the problem its not about the Borrowing it's about the person who borrow.

yes, there is nothing wrong in borrowing money, but it all depends on the circumstances and goals. maybe it would be wise to think about how to return the money before borrowing money, because there are so many people who are willing to take risks, then borrow money and invest in something that is uncertain. after the investment failed, he could not return the money, and resulted in frustration. After all, it was fine to borrow money as long as his intentions were good, and he could recoup the money he borrowed if his plan didn't work out.

Unnecessary borrowing is not a good habit. And when you are used to borrow money for no reason then you are addicted. I try not borrow and I try not to leand money. That is now my new way of dealing with people

[Cryptock]

they borrow only thinking about how to get rich quickly even though they forget that by borrowing the risk of losing is far greater. they are like betting fate with their investment. if they win they can pay it but if they lose everything they even have to think about how to pay their debts.

some people are very selfish and they keep borrowing money all the time
I have seen so many people who damage others people money for the sake of their fun

[CryptocurencyKing]

they borrow only thinking about how to get rich quickly even though they forget that by borrowing the risk of losing is far greater. they are like betting fate with their investment. if they win they can pay it but if they lose everything they even have to think about how to pay their debts.

Getting rich quick out of a borrowed money is often the case with those who borrow to invest in bitcoin. This has often been met by adversities on several attempts with several investors having little knowledge on how cryptocurrency works.

Although, there have been some rare cases I've read from a flash news where someone borrows an outrageous some to invest in real estate but, I think there is more to it than the news portrays and a very good team behind the plans that worked there project to success.

Before that was even possible, such persons must have got some good credit score and this is the case with some individuals. They've user petty loans to kill there loan score.

[og kush420]

Actually there's nothing wrong in borrowing money it depends in the person how they take of it for example you borrow money because you want to put those as your finance into your business or any asset that has a good return so that asset makes the money into you to make more that could pay your debt. But if you are a person borrow money and you keep spending for your wants only that's the problem its not about the Borrowing it's about the person who borrow.

yes, there is nothing wrong in borrowing money, but it all depends on the circumstances and goals. maybe it would be wise to think about how to return the money before borrowing money, because there are so many people who are willing to take risks, then borrow money and invest in something that is uncertain. after the investment failed, he could not return the money, and resulted in frustration. After all, it was fine to borrow money as long as his intentions were good, and he could recoup the money he borrowed if his plan didn't work out.

Yes - there is no harm in borrowing but not returning the funds is a very bad thing. You get rid of the money and you loose your firend too. so better keep your financial clear - when you borrow return right away

[Texac]

One side needs another side bad. yes. Consideration for the basic reasons behind this loan must be clear first. For example, if an individual borrows a certain amount of funds for productive purposes such as investing in a business or crypto assets with good potential returns.

Do you support the idea of borrowing loan to get crypto asset? How are you sure if it will come with good potential returns. Well, all I know about borrowing loan is that, you can get a loan to improve your  standing business but you shouldn't make a mistake borrowing loan to start a business.

Borrowing money for investment or business is really risky, but there is no success without taking risks and trade-offs.  therefore, borrowing money is not necessarily bad but will depend on each case and each person's circumstances. you borrow money because you can't gather that money in a short time to prepare the business. I mean, you can pay that loan even if your business fails, borrowing money can be considered.  But if you have no other assets, and no income, then borrowing money is a stupid idea.

[Alisha-k]

When you're short on cash, it can be difficult to quit borrowing money.

Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.

Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.

The majority of us live beyond our means, which is one of the primary causes of our ever-increasing habit of borrowing money. Simply put, incomings are outpacing outgoings. It's also getting worse.

More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.

if there's anything I've learnt from my parents, it should be contentment..
No matter how little I have left with me, giving debt a thought isn't an option for me at all..

Like, why try to borrow when you can just work with the little you have at your disposal, what if things tend not to work out just the way you had planned them to??

[nur rochid]

One side needs another side bad. yes. Consideration for the basic reasons behind this loan must be clear first. For example, if an individual borrows a certain amount of funds for productive purposes such as investing in a business or crypto assets with good potential returns.

Do you support the idea of borrowing loan to get crypto asset? How are you sure if it will come with good potential returns. Well, all I know about borrowing loan is that, you can get a loan to improve your  standing business but you shouldn't make a mistake borrowing loan to start a business.

Borrowing money for investment or business is really risky, but there is no success without taking risks and trade-offs.  therefore, borrowing money is not necessarily bad but will depend on each case and each person's circumstances. you borrow money because you can't gather that money in a short time to prepare the business. I mean, you can pay that loan even if your business fails, borrowing money can be considered.  But if you have no other assets, and no income, then borrowing money is a stupid idea.

right, borrowing money to buy assets is not always bad, depending on the background. For example, an investor sees a good opportunity to invest, while he has no cash and his assets are still tangible in property assets, so he dares to take a loan, which may be only 15% of the value of the assets owned, if calculated mathematically, suppose the investment fails. total then he had no trouble repaying the loan. even though bitcoin is an asset that is purchased, it feels difficult to go down and become worthless

[Mario Yamasaki]

Many people think fast by relying on borrowing, now more and more people rely on online loans when they want to buy things they need, cases of online loans in the country are increasing because there are many reports of consumer failures to pay, thus making several online loan provider companies also go bankrupt.

[bettercrypto]

When you're short on cash, it can be difficult to quit borrowing money.

Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.

Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.

The majority of us live beyond our means, which is one of the primary causes of our ever-increasing habit of borrowing money. Simply put, incomings are outpacing outgoings. It's also getting worse.

More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.

Borrowing is a matter of choice, that's why as you say when you are short on budget or expenses it is really difficult to get out of debt even though the interest will be high, others still agree because they have no choice.

        So it's not surprising that there are also many lenders or lending owners who are actually getting rich. But even so, if there is a chance to get out of debt, please don't go into debt again because we know the hardships of the debtor, or if you do get into debt, don't run away or run away.

[Texac]

One side needs another side bad. yes. Consideration for the basic reasons behind this loan must be clear first. For example, if an individual borrows a certain amount of funds for productive purposes such as investing in a business or crypto assets with good potential returns.

Do you support the idea of borrowing loan to get crypto asset? How are you sure if it will come with good potential returns. Well, all I know about borrowing loan is that, you can get a loan to improve your  standing business but you shouldn't make a mistake borrowing loan to start a business.

Borrowing money for investment or business is really risky, but there is no success without taking risks and trade-offs.  therefore, borrowing money is not necessarily bad but will depend on each case and each person's circumstances. you borrow money because you can't gather that money in a short time to prepare the business. I mean, you can pay that loan even if your business fails, borrowing money can be considered.  But if you have no other assets, and no income, then borrowing money is a stupid idea.

right, borrowing money to buy assets is not always bad, depending on the background. For example, an investor sees a good opportunity to invest, while he has no cash and his assets are still tangible in property assets, so he dares to take a loan, which may be only 15% of the value of the assets owned, if calculated mathematically, suppose the investment fails. total then he had no trouble repaying the loan. even though bitcoin is an asset that is purchased, it feels difficult to go down and become worthless

We do not need to be too rigid in borrowing money for business, but we should also try our best to limit borrowing money indiscriminately.  because it's fair to say that borrowing money without careful calculation will get us in more trouble than we think. especially investing in risky assets like cryptocurrencies and bitcoin because they have an uncertain future, which would be extremely risky for us.  There is no guarantee or proof that bitcoin will never die or become worthless.

[Dewiana]

Most of us like to only borrow when returning it is very difficult, in this case we must pay attention too the job of the person borrowing if you really want to lend it because if it's the wrong person or the person who doesn't have a job we lend it can there will be fraud and not paid looking for reasons that there is nothing to pay